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Dec 22, 2012
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shouldn't be divided among rich or middle class, or lower class it shouldn't be any class, it should be america coming together and right now in our house that's a big cause of debate. >> reporter: but washington isn't a source of optimism these days. >> if they make a deal it certainly won't be a good one, they'll say this is something we've got to get done and i don't think it's going to be using any brain power to do it. >> reporter: already there is growing talk in washington of a so-called mini-deal. >> let's hope they do. the president was serious. he was friendly in the statement he made-- >> he's going on vacation. he's going to hawaii. >> susan: yeah, but there's an urgency here, and do you think we are going to be any closer to getting a deal done? >> the president really scaled back his ambitions for the immediate time. he said, look, guys, nancy pelosi, come back, try to do the minimum, try to do the least amount of harm. and then come up with some way to say that we'll address bigger issues in the new year. >> he proposed tonight a smaller package, a smaller deal. what will this me
shouldn't be divided among rich or middle class, or lower class it shouldn't be any class, it should be america coming together and right now in our house that's a big cause of debate. >> reporter: but washington isn't a source of optimism these days. >> if they make a deal it certainly won't be a good one, they'll say this is something we've got to get done and i don't think it's going to be using any brain power to do it. >> reporter: already there is growing talk in...
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Dec 27, 2012
12/12
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the scandal you're referring to is one that 1 becoming all too familiar in corporate america and that is a -- an alleged affair with a 29-year-old subordinate and there's not a single metric you can look at for best buy that gives you a lot of confidence in the future of the actual core of the business. and bryan dunn c.e.o. is responsible for that. >> your top four worst c.e.o.'s of 2012. cindy finkelstein put the list together with dartmouth. thank you. >> >> susie: tomorrow we'll look at two leaders, who almost made sydney finkelstein's list of worst c.e.o.s. for more on executive behavior, head to: www.nbr.com, our "nbr- u" partners at vanderbuilt have research on the six mental mistakes eve leader makes. tis the season for making predictions. what will stocks do next year, how will the economy fare? and, what will be the nation's top spice or flavor? believe it or not, spicemaker mccormick and company issues an annual "flavor forecast," designed for restaurants and homes. suzanne pratt met with the man behind the tastes, mccormick's top chef, and got a close-up "smell". >> report
the scandal you're referring to is one that 1 becoming all too familiar in corporate america and that is a -- an alleged affair with a 29-year-old subordinate and there's not a single metric you can look at for best buy that gives you a lot of confidence in the future of the actual core of the business. and bryan dunn c.e.o. is responsible for that. >> your top four worst c.e.o.'s of 2012. cindy finkelstein put the list together with dartmouth. thank you. >> >> susie: tomorrow...
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Dec 18, 2012
12/12
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bank of america rallied 4%, closing at $11 per share. it consistently is one of the most actively traded stocks, and it was again today. media reports indicate influential banking analyst meredith whiney upgraded her opinion of both bank of america and citigroup today. in addition to the sprint and clearwire deal, there was other monday merger news, and speculation driving stock prices. first, the speculation: general electric reportedly is close to a $4 billion deal for italian aerospace group avio. according to the wall street journal a deal could be announced thursday. orders for new airplane engines have increased with g.e. looking to buy parts supplies like avio. shares of g.e. gained 1.4% on heavier than usual volume. a.i.g. shares jumped 3% on reports it could sell its stake in the asian life insurer a.i.a. group for as much as $6.5 billion. a.i.g. still owns about a third of the asian company. canada's third largest life insurer, sun life does have a deal to sell its u.s. annuity business. that business has been under pressure th
bank of america rallied 4%, closing at $11 per share. it consistently is one of the most actively traded stocks, and it was again today. media reports indicate influential banking analyst meredith whiney upgraded her opinion of both bank of america and citigroup today. in addition to the sprint and clearwire deal, there was other monday merger news, and speculation driving stock prices. first, the speculation: general electric reportedly is close to a $4 billion deal for italian aerospace group...
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Dec 20, 2012
12/12
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rate manipulation involves more than a dozen major financial institutions including barclays, bank of america, and societe generale. >> susie: uncle sam may soon be exiting the auto business. the treasury department said today it will sell its remaining and controversial stake in general motors, in the next 15 months. as part of the deal, g-m will buy back $5.5 billion in shares, and that will happen by the end of this year. g.m. stock revved higher on the news, climbing 7% to $27 a share. and, as suzanne pratt reports, some investors like the sound of an independent g.m. >> reporter: it looks like general motors may soon be hitting the road all by itself. four years after spending nearly $50 billion to rescue the struggling automaker, the u.s. treasury wants out. and, gm needed to shake off the stigma of being known as government motors. >> general motors to wanted do this. they wanted to get the government off its back so to speak and to prove to the people they can pay back the loan, part of the loan. >> reporter: other auto experts says everyone involved wanted to end this year on a posit
rate manipulation involves more than a dozen major financial institutions including barclays, bank of america, and societe generale. >> susie: uncle sam may soon be exiting the auto business. the treasury department said today it will sell its remaining and controversial stake in general motors, in the next 15 months. as part of the deal, g-m will buy back $5.5 billion in shares, and that will happen by the end of this year. g.m. stock revved higher on the news, climbing 7% to $27 a...
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Dec 5, 2012
12/12
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bank of america joined in the rallyitesh shar closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies.sh two of them released their esatim of how much hurricane sandy will cost them. travelers figures the storm wilt cost it $650 million. hartford pegged its storm losses a analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't ye years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market >> susie: a tough day for investors in freeport mcmoran. the sto
bank of america joined in the rallyitesh shar closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies.sh two of them released their esatim of how much hurricane sandy will cost them. travelers figures the storm wilt cost it $650 million. hartford pegged its storm losses a analysts say the companies can absorb the impact. both stocks were higher. travelers...
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Dec 6, 2012
12/12
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is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion a year in expenses. but they won't be cheap, resulting in a billion-dollar charge against fourth-quarter earnings. is this gloomy news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael
is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that...
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Dec 5, 2012
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it would cut the debt by $2.2 trillion over ten years, but would not raise taxes on america's highest earners, the biggest sticking point. the two sides seem to be allowing themselves room to bargain. the president said today he'd be open to lowering tax rates for high earners later next year as part of a broad tax reform package. and senate republican leader mitch mcconnell did not directly endorse the g.o.p. plan. for now, house speaker boehner put the ball in the president's court, releasing a statement: "the president now has an obligation to respond with a proposal that can pass both chambers of congress." >> susie: we turn tonight to other opinions on the fiscal cliff impasse. we talk with the chairman of the national governor's association, and we also hear from a leading advocate for responsible fiscal policy. we begin with governor jack markell, the democrat from delaware. he was one of six governors meeting with president obama today to talk about how the fiscal cliff impacts their states. i asked him what was his message to the president. >> our message was pretty straightf
it would cut the debt by $2.2 trillion over ten years, but would not raise taxes on america's highest earners, the biggest sticking point. the two sides seem to be allowing themselves room to bargain. the president said today he'd be open to lowering tax rates for high earners later next year as part of a broad tax reform package. and senate republican leader mitch mcconnell did not directly endorse the g.o.p. plan. for now, house speaker boehner put the ball in the president's court, releasing...
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Dec 7, 2012
12/12
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you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knives that i'm actually pretty excited about, so probably those. they're cutting board material actually used in the handle of the knives. >> reporter: and there's no denying it will look good sur
you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things...
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Dec 19, 2012
12/12
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the clinton administration and now, as head of investment firm evercore, he's plugged in to corporate america and wall street. and are apple's hot-selling products cooling off? is the competition winning over even apple's loyal fans? that and more tonight on "n.b.r." john boehner is pushing for his "plan b." this is the latest twist in those crucial fiscal cliff negotiations. the house speaker offered a back-up plan today to avoid falling off the cliff. he promised to bring a bill to the house floor this week that would raise income tax rates for people earning more than $1 million a year and no new spending cuts, for now. the white house immediately rejected it. darren gersh reports. >> reporter: house speaker john boehner says the president is asking for about half a trillion dollars more in taxes than he is willing to cut from spending. that means the two sides have narrowed their differences, but the speaker says not enough progress has been made to call it a deal. so he is making other plans. >> our plan b would protect american taxpayers who make a million dollars or less and have all o
the clinton administration and now, as head of investment firm evercore, he's plugged in to corporate america and wall street. and are apple's hot-selling products cooling off? is the competition winning over even apple's loyal fans? that and more tonight on "n.b.r." john boehner is pushing for his "plan b." this is the latest twist in those crucial fiscal cliff negotiations. the house speaker offered a back-up plan today to avoid falling off the cliff. he promised to bring...
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Dec 31, 2012
12/12
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the biggest winner on word of a potential settlement, bank of america. its shares added a quarter, to $11.60. it was the biggest winner on the dow this year. some positive analyst comments on facebook sent shares higher. b.m.o. capital says it's doubling its price target to $32 a share. it says facebook may benefit from a pick up in ad spending. facebook added $0.70 to $26.60. it looks like apple's mini ipad is a big hit in china. apple's stores both on the mainland and in hong kong are reportedly either out of stock or have tight supplies. apple climbed nearly 4.5% to close at $532. some big changes over the weekend at zynga. the online game maker slashed 11 games from its library as part of its cost-cutting plans. shares of zynga were up just $0.03 to a little more than $2, well below their $10 i.p.o. price from last december. cal-maine foods slipped nearly 10% after the egg producer reported a drop in prices and higher feed costs. shares were down more than $4 to $40. oliffs natural resourd tkeac n some decent gains on the back of some positive manufa
the biggest winner on word of a potential settlement, bank of america. its shares added a quarter, to $11.60. it was the biggest winner on the dow this year. some positive analyst comments on facebook sent shares higher. b.m.o. capital says it's doubling its price target to $32 a share. it says facebook may benefit from a pick up in ad spending. facebook added $0.70 to $26.60. it looks like apple's mini ipad is a big hit in china. apple's stores both on the mainland and in hong kong are...
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Dec 25, 2012
12/12
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and they're a rare breed in corporate america. we look at why so few c.e.o.'s are women. that and more, tonight on nbr. >> susie: not a very merry day of trading on wall street today. it was a holiday shortened session, and the investors and traders working on this half- day were playing it safe, especially with the fiscal cliff talks on holiday break as well. when the closing bell rang at 1:00 eastern time, the dow was down 51 points, the nasdaq lost eight, and the s&p was off 3 points. so while wall street worked half a day, washington was on vacation. lawmakers are increasingly pessimistic about a big agreement-- or any agreement-- being reached before the year ends. darren gersh has the latest. >> reporter: 'twas the night before christmas, and all through the house, nothing much was going on. it was the same story in the senate. washington's cliff talks still remain deadlocked. congress will return on thursday, and it's still possible a few days of holiday cheer and constituent outrage may push republicans and democrats to craft a last-minute agreement to avoid the w
and they're a rare breed in corporate america. we look at why so few c.e.o.'s are women. that and more, tonight on nbr. >> susie: not a very merry day of trading on wall street today. it was a holiday shortened session, and the investors and traders working on this half- day were playing it safe, especially with the fiscal cliff talks on holiday break as well. when the closing bell rang at 1:00 eastern time, the dow was down 51 points, the nasdaq lost eight, and the s&p was off 3...
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Dec 8, 2012
12/12
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bank of america added another 1.8% to an 18 month high. a big global energy deal is one step closer tonight. late today canada okayed the buyout of nexen energy by chinese energy giant c-nooc. this is a $15.3 billion deal, representing another foreign expansion of a chinese energy company. canada's ministry of industry said c-nooc agreed to "free market principles." the buyout offer for nexen came in july. in today's regular session, nexen was heavily traded as they fell 6.6%. but after the canadian okay, they jumped more than 14.5% in extended hours trading, to almost $27 per share. u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange tr
bank of america added another 1.8% to an 18 month high. a big global energy deal is one step closer tonight. late today canada okayed the buyout of nexen energy by chinese energy giant c-nooc. this is a $15.3 billion deal, representing another foreign expansion of a chinese energy company. canada's ministry of industry said c-nooc agreed to "free market principles." the buyout offer for nexen came in july. in today's regular session, nexen was heavily traded as they fell 6.6%. but...
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Dec 21, 2012
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bank of america, for example. today's 2.9% rally comes on top of a huge jump this year. b-of-a shares have more than doubled since january, and they continue to break out to 18- month highs on stronger than average volume. after the close, the market focus was on research in motion. with its newest blackberry device due out early next year, the stock has been rallying, even as the company continues to lose money. but the silver lining is that it didn't lose as much money as feared in its latest quarter, and it generated more revenue than was anticipated. on its conference call tonight, the company said the quarter was a reflection of "the successful transition the company is making," even though it acknowledged losing one million blackberry device customers. investors and traders have been betting on the transition. the stock was up 3.6% during the regular session, closing at its highest price since march. and then, in extended hours trading after reporting its quarterly results, the stock added another 7%, trading over $15 per share. another stock to watch tomorrow will
bank of america, for example. today's 2.9% rally comes on top of a huge jump this year. b-of-a shares have more than doubled since january, and they continue to break out to 18- month highs on stronger than average volume. after the close, the market focus was on research in motion. with its newest blackberry device due out early next year, the stock has been rallying, even as the company continues to lose money. but the silver lining is that it didn't lose as much money as feared in its latest...
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Dec 13, 2012
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that and what we see out of the harvest in south america will determine the price for grain in 2013. >> tom: a look at the commodities and the federal reserve. lincoln ellis with us, werethe strategic financial group. and the federal reserve's big move. andhatoong fiscal cliff, we'll have an update on that tomorrow. >> susie: investors were on fed-watch, tom, and it was very interesting watching the blue chip dow average as ben bernanke was giving his press conference. the dow got as high at 80 points, and the more he talked about the fiscal cliff and other issues facing the economy, it went down, down, down, closing down three points. >> tom: any of the enthusiasm that came out when the federal reserve announced it was going to continue to buy bonds slowly deflated throughout the afternoon, the longer the chairman tended to speak. there was less enthusiasm abo what the federal rerve is doing. maybe less concern about why the federal reserve is doing it. let's go ahead and take a look at our "market focus." the major stock indices couldn't hold on to their midday gains as the federal
that and what we see out of the harvest in south america will determine the price for grain in 2013. >> tom: a look at the commodities and the federal reserve. lincoln ellis with us, werethe strategic financial group. and the federal reserve's big move. andhatoong fiscal cliff, we'll have an update on that tomorrow. >> susie: investors were on fed-watch, tom, and it was very interesting watching the blue chip dow average as ben bernanke was giving his press conference. the dow got...
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Dec 25, 2012
12/12
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nbr, the markets are closed for the christmas holiday, so we bring you a christmas treat, "made in america." it's a special edition looking at unique companies, big and small, building jobs and community. when it comes to christmas decorations, americans on average spend $50 decking the halls. allison worrell takes us on the job with a hired hand helping roll out the holiday cheer. >> reporter: snowy scenes like this one are what many americans think about when it comes to a picturesque holiday season. but clear skies, sandy beaches, and highs in the 70's? not so much. and when you think about holiday decorating, florida probably isn't the first place that comes to mind either, but the holiday decor business is doing quite well in the sunshine state. >> the clients we're calling on are the rich and famous. they're professional athletes, they're industry leaders, and we're in the business of complete sales, service and installation for these types of people. >> reporter: david shindler has been in the christmas business for more than 20 years. he's a franchisee at holiday decorating firm ch
nbr, the markets are closed for the christmas holiday, so we bring you a christmas treat, "made in america." it's a special edition looking at unique companies, big and small, building jobs and community. when it comes to christmas decorations, americans on average spend $50 decking the halls. allison worrell takes us on the job with a hired hand helping roll out the holiday cheer. >> reporter: snowy scenes like this one are what many americans think about when it comes to a...